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HYW.US
id: 928

Hywin (HYW) Products Redemption Issues Case

  • In mid-Dec, Hywin reported redemption issues with its asset-backed products, which clinets demanded to repay. It led to $HYW dropping over 15%.
  • Now, investors may have grounds to suspect Hywin of hiding the risks associated with its products and internal control setbacks, which led to stockholders' losses.
On December 14, 2023, Hywin Holdings (HYW) disclosed that redemption issues had been reported on certain asset-backed products previously distributed by the Company.
  • Hywin stated that affected clients demanded repayment, and that,
  • It would be conducting an internal investigation.
On this news, $HYW fell over 15%, seriously damaging shareholders.

Now, investors might have grounds to suspect that Hywin understated the risks associated with its asset-backed products and hid internal control setbacks.

The case is already under investigation by at least one of the reputable law firms.
Case Status
Attorney Investigation
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Depository Securities (ADS, ADR, GDR)
Trade Direction
Long
Shock Event Date
14 December 2023
Collecting participants…

Hywin Holdings Ltd ADR

Hywin Holdings Ltd., through its subsidiaries, provides wealth management, asset management, health management, insurance brokerage, and other financial services in China. It operates through two s...

    Ticker
    HYW.US
    ISIN
    US44951X1046
    CIK
    1785680
    Sector
    Financial Services
    Industry
    Asset Management
    Country
    USA
    Address
    F3, Hywin Financial Centre, Shanghai, China, 200120